HARMONIC OVERVIEW

A quick reference for all the Harmonic patterns. 

CLASSIC ABCD PATTERN
This is the simplest harmonic pattern. It is very basic and best to be traded
when it is complete (at the point D). Also, SL should be based on MS not
Fibs.
CLASSIC ABCD PATTERN EXAMPLE
Here is a live trade example from NEO/USD a large ABCD pattern that
traded perfectly. Followed by a smaller ABCD pattern that is forming
perfectly so far.
BUTTERFLY HARMONIC
This is an external harmonic pattern. The retracement of XA has to be
heavy, it has to reach .786. Volume plays a big role here.
CRAB HARMONIC
It is very similar to Butterfly pattern but the D leg goes deeper on this one. It
is also an external pattern. The preferred retracement of XA is .618 and
between .5 and .618 for the AB retracement.
BAT HARMONIC
With this internal consolidation pattern, it is mandatory that point B retraces
strictly between .382 and .5 of XA. A ‘perfect’ BAT retraces to .5 (XA and
AB) and is even more likely to play out. It also depends on the market you
are trading – stock markets are more likely to retrace to .5 while crypto
markets tend to retrace to .618 more.
GARTLEY HARMONIC
An internal consolidation harmonic pattern which is similar to BAT pattern.
The big difference is that Gartley retraces to a ‘perfect’ .618 (XA and AB).
They are very common, you literally see them every day.
CYPHER HARMONIC
This is the only harmonic that uses Fib extension. It is unique and simple to
use. What is unique is that to get C – taking the fib extension you click on X,
A and X again.
SHARK HARMONIC
Shark is a very nice harmonic that can be seen on BTC a lot. One can
incorporate C with the SFP. It is unique in a way that B can retrace
anywhere between .236 and .886. Wave D is usually very impulsive.

5-0 (NEXT STEP FROM THE SHARK) HARMONIC

It continues from the Shark pattern, starting with shorting the D of it. The
target is, as the name suggests, .5 fib and it should bounce right there to be
valid.